L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
27
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 11 listed it in both
Shares listed
23,369,718
combined, among listed positions
Reported value
$1.9bn
combined, at the quarter end

Among the 92 comparable managers: 18 buyers (opened or added shares) and 11 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -8,518,577.

Managers listing ALC in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

27 of 27 holders

ActionFiling
Fidelity (FMR LLC)10,758,829$857munder 0.1%Added+23,60617 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc3,151,749$248munder 0.1%Trimmed-7,103,80117 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP1,776,045$140m0.16%Added+1,253,24517 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP1,610,204$127m0.07%Added+1,394,14813 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.1,077,189$85munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP648,939$51m0.10%Added+432,56017 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC572,087$45munder 0.1%Trimmed-1,058,34427 Oct 2026 (the filing on sec.gov)
Citadel Advisors LLC547,304$43munder 0.1%Added+319,75117 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP497,645$39m0.06%Added+431,66417 Feb 2026 (the filing on sec.gov)
Davidson Kempner Capital Management LP347,883$28m0.32%Added+89,57817 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC323,339$25m0.08%Newnew13 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd297,649$24munder 0.1%Trimmed-291,11817 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors278,268$22munder 0.1%Trimmed-1,737,31711 Feb 2026 (the filing on sec.gov)
Invesco Ltd256,196$20munder 0.1%Trimmed-828,02719 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP243,035$19munder 0.1%Trimmed-463,19713 Feb 2026 (the filing on sec.gov)
Millennium Management LLC172,344$14munder 0.1%Added+12,76917 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC166,549$13munder 0.1%Trimmed-139,06412 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP123,132$9.8munder 0.1%Added+26,55217 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP119,120$9.4munder 0.1%Trimmed-2,319,74917 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC110,446$8.8munder 0.1%Added+98,61817 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC86,498$6.8munder 0.1%Added+55,88613 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP76,391$6.0m0.20%Trimmed-23,96510 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP35,000$2.8munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp33,725$2.7munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP28,400$2.2munder 0.1%Added+19,18617 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
10 in Q3 2024 to 8 in Q2 2026

Tracked managers listing it, at least.

051015202020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
ALC by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201914$5.9bnn.a.n.a.
Q3 201910$5.8bnn.a.n.a.
Q4 201911$5.6bnn.a.n.a.
Q1 202013$4.7bnn.a.n.a.
Q2 202010$3.8bnn.a.n.a.
Q3 202012$2.5bnn.a.n.a.
Q4 202011$2.1bnn.a.n.a.
Q1 202113$2.2bnn.a.n.a.
Q2 20218$1.7bnn.a.n.a.
Q3 20217$2.2bnn.a.n.a.
Q4 20217$2.4bnn.a.n.a.
Q1 20228$3.0bnn.a.n.a.
Q2 20227$2.4bnn.a.n.a.
Q3 202210$1.0bnn.a.n.a.
Q4 202213$1.4bnn.a.n.a.
Q1 202313$1.4bnn.a.n.a.
Q2 202311$1.6bnn.a.n.a.
Q3 202312$1.4bnn.a.n.a.
Q4 202311$1.1bn48
Q1 20249$1.7bn73
Q2 20248$1.9bn35
Q3 202410$2.5bn63
Q4 202410$2.4bn74
Q1 202518$3.3bn135
Q2 202511$2.9bn77
Q3 202512$2.2bn67
Q4 202512$1.7bn1811
Q1 20269$1.3bn1218
Q2 20268$1.0bn1515

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

ALC and LLY →ALC and JNJ →ALC and VRTX →Choose a stock to compare with ALC →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own ALC, latest filings →Back to the 13F Explorer →